Country
Togo
Sector
Financial Services
Intelligence Type
Capital
Status / Stage
Active
Estimated Value
USD Million 450
Confidence
Confirmed
Latest Development
Ecobank Transnational Incorporated (ETI) issued a landmark $450 million Tier 2 Nature Bond in May 2026 — advised by AFC as Financial Adviser. This is Africa’s first commercial bank Tier 2 Nature Bond, the first ICMA-aligned Nature Bond by any African commercial bank, and the first ICMA-aligned Nature Bond by any commercial bank globally. ETI operates across 33 African countries.
Capital Details
Capital TypeTier 2 Nature Bond — ICMA-aligned
DateMay 20, 2026
Investor / FinancierGlobal institutional investors (ESG-focused fixed income)
Recipient / BorrowerEcobank Transnational Incorporated (ETI)
Purpose of CapitalTier 2 regulatory capital for ETI; proceeds linked to nature-positive financing activities across ETI's 33-country African network
Financing StructureICMA Nature Bond Principles-aligned Tier 2 bond. Financial Adviser: AFC. Three historic firsts: first African commercial bank Tier 2 Nature Bond; first ICMA-aligned Nature Bond by any African commercial bank; first ICMA-aligned Nature Bond by any commercial bank globally.
Market Significance
Three global firsts in one transaction — places African capital markets at the frontier of nature finance innovation. Sets a template for ESG capital raising by African commercial banks.
What Happens Next
ETI deployment of proceeds into nature-linked lending across its 33-country network.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)AFC official press release (May 20, 2026)
Source DateMay 2026